Stanford Investors Go To Bat For $300M SEC, Antiguan Deal

Law360, New York (March 29, 2013, 2:06 PM EDT) -- Counsel for plaintiffs suing Proskauer Rose LLP and Chadbourne & Parke LLP in class actions over the firms' alleged role in the Stanford Ponzi scheme asked a Texas federal court Thursday to approve a $300 million deal between the U.S. and Antiguan receivers in charge of compensating victims of the fraud.

Strasburger & Price LLP, which represents about 2,300 individual claimant victims who lost about $570 million in the scheme said the approximately $300 million deal, reached earlier this month by the U.S. Securities and Exchange...
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